Here's our weekly Roundup (posted a day early this week to make way for tomorrow's end-of-month updates for the DAA and Sector Rotation strategies):
- The big payoff from working a few extra years (Bloomberg via Yahoo). Not everyone can keep working, of course, but if you can, you'll increase your Social Security benefits and shorten the time you'll have to live on your retirement savings. You'll also likely bulk up your retirement account.
- Final reading on Q2 GDP confirms 4.2% gain, the fastest rise in nearly four years (CNBC). The economy is not the stock market (and vice versa), but this seems to bode well for a continued market advance.
- When it comes to college financial aid, the sooner you file, the better (CNBC). The 2019-2020 FAFSA filing season opens Monday, October 1. On your mark, get set, go!
- Life insurance offering more incentive to live longer (New York Times). Insurance companies are starting to give premium discounts (and other incentives) to customers pursuing healthful lifestyles. Eat your veggies.
- The decline of extreme poverty in perspective (Visual Capitalist). Need some good news? The global poverty rate is lower than it's ever been in recorded history.
And from the pundits and bloggers...
- Different kinds of smart (Morgan Housel, Collaborative Fund). Some of the smartest investors of all time went bankrupt 20 years ago this week.
- The seven worst words in the world [PDF] (Howard Marks). The latest must-read memo from the founder of Oaktree Capital Management. Marks notes that while the details of market cycles differ, certain themes recur. Learning to recognize those themes can protect you from a world of hurt.
- Why you don't know the price until you sell (Nick Maggiulli, Of Dollars and Data). Having ample cash during a panic is like having water in the desert.
- 3rd Fed rate hike of 2018: Deposit rate predictions and strategies (Ken Tumin, DepositAccounts). Online banks continue to react to Fed rate increases. Tumin says "it is reasonable to expect a bank to offer 2.50% APY nationwide on a savings account or money market account in the next two months."
- Christian hoarding? (Eric Metaxas & Stan Guthrie, Breakpoint). Many of us seem to have an insatiable urge to hoard. Christ calls us to a different way.
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